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Penn State and CoBank economists expect milk prices to keep rising through summer 2017, with Pennsylvania all-milk reaching about $20.77 per cwt by September. Dairy futures imply a 2017 average $2.90 per cwt above 2016, while US milk output is still rising in most states.
Futures-implied gains and low feed costs support producer margins, but rising milk supply and limited processing capacity could cap the recovery unless exports grow.
farmprogress.comDec 19, 2016Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
